Detergent Chemicals Market Is Driven By Growth In Laundry Sector
The detergent chemicals market includes a wide range of chemicals used for cleaning and removing dirt, stains, and unwanted substances from clothes, dishes, floors, bathroom fixtures, and other surfaces. Surfactants, builders, bleach, enzymes, and fragrances are the major detergent chemicals used in products such as laundry detergents, dishwashing liquids, cleaners, and personal care products. Surfactants reduce the surface tension of water and enable the removal of dirt. Builders help to soften hard water and sequester metal ions. Enzymes and bleach are used as bleaching and stain removing agents. Demand for fragrances and aesthetically appealing products is also driving the detergent chemicals market.
The Global detergent chemicals market is estimated to be valued at US$ 125.72 Bn in 2024 and is expected to exhibit a CAGR of 8.7% over the forecast period from 2024 to 2031.
Key Takeaways
Key players operating in the detergent chemicals market are BASF SE, The Dow Chemical Company, Huntsman International LLC, Nouryon, Croda International plc, Solvay S.A., Clariant AG, Galaxy surfactants, Vizag chemicals, Mahaveer Surfactants Private Limited, Matangi Industries, Godrej Industries Limited, Ultramarine & Pigments Ltd, Narendra Surfactant & Speciality Chemicals Pvt. Ltd., Ultreze Enzymes Pvt Ltd, Infinita Biotech, and Antozyme Biotech Pvt Ltd. These players account for around 30-40% of the global market share. BASF SE is one of the leading players in detergent chemicals with a wide range of product portfolio for the laundry and cleaning segments.
The demand for Detergent Chemicals Market Demand is growing due to the increasing consumption of laundry and cleaning products globally. Changing lifestyles, awareness about hygiene, and growing middle-class population are fueling the demand for detergents and soaps. Asia Pacific region is witnessing highest growth rates led by China, India, Indonesia, and Vietnam where laundry and cleaning products markets are growing rapidly.
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